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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90372)	3/7/2017 9:10:28 PM
From: Underexposed	Read Replies (1) \| Respond to of 220483

Again I can see where you are coming from. I am not and never have been a daytrader. I always look to the long term and the shortest I hold is for perhaps a week and that is rare. I do have some tools that might be useful for the daytrader and eventually it will become a topic in my thread, Underexposed Technical Analysis. I have sort of burst in on you unsolicited ... but if someone asked for a chart reading, I would first ask what their objectives where.... buy , add, sell...all or portion, hold ... my advice and charts used will vary. But you say you don't use targets.... but what if you knew where a fall in price would end after you started a short. or if you are following a rising stock...where it is liable to top out? Would you not want to know? I have observed many daytraders over the years on different websites and they are paranoid about keeping a stock over night... they have no tools for the most part to evaluate a run. Personally I think that is the reason why statistically 90% of new daytraders lose all their money in the first year.